Silvergate Bank's liquidator has placed the blame for the bank's collapse squarely on the shoulders of US crypto regulation. In a recent court filing, the liquidator cited "abrupt US regulatory actions that increased regulatory scrutiny of the cryptocurrency industry." These actions, the liquidator argued, made it "difficult for Silvergate to continue operating its business as it had done historically, with a focus on serving digital asset-focused customers." The liquidator's claims reflect a growing sentiment within the cryptocurrency industry that US regulation is stifling innovation and harming businesses. Many in the industry have called for a more balanced approach to regulation, one that protects consumers without stifling the growth of the cryptocurrency sector.